Schneider Electric to Acquire PTC for $22.6 Billion, Bolstering Industrial Automation Capabilities

By ASR Newsdesk · 8 Oct 2026, 00:00 UTC

Schneider Electric has announced plans to acquire PTC Inc. for approximately $22.6 billion. This acquisition aims to bridge the digital and physical worlds across product lifecycles, from design to operation and maintenance. By integrating PTC's design and data intelligence with its own operational expertise, Schneider Electric expects to enhance its digitalization and AI offerings. The combination is anticipated to create a 'digital thread' for industrial AI, improving system optimization, accelerating robot testing, and facilitating regulatory compliance and maintenance. The deal is seen as a move to strengthen Schneider Electric's competitive position against rivals like Siemens in the industrial automation and software sectors.